Facebook Whistleblower Frances Haugen Says She Is Financially Stable Because of Crypto


Facebook’s former product supervisor turned whistleblower Frances Haugen has revealed that her refuge in Puerto Rico is “fine for the foreseeable future” as a result of of a well-timed funding in cryptocurrency. The whistleblower who’s made headlines not too long ago for calling out Facebook’s “betrayal of democracy”, made her crypto funding identified in an interview the place she asserted that she shouldn’t be reliant financially on anybody. Haugen didn’t disclose specifics of her crypto-related investments however talked about it to finish rumours of monetary dependence.

In an interview with the New York Times Haugen revealed that she moved to Puerto Rico to affix her “crypto friends” aside from coping with an ongoing well being situation. She additionally talked about being funded by non-profit organisations supported by eBay founder Omidyar, however stated that help solely coated her journey bills.

Haugen, who labored as a product supervisor on Facebook’s civic misinformation crew, offered paperwork utilized in a Wall Street Journal investigation for months and likewise appeared at a Senate listening to on Instagram’s hurt to teen women. Haugen claims that Facebook’s closed design means it has no oversight — even from its personal Oversight Board, which is as blind as the general public.

The whistleblower went on to allege that Facebook is aware of easy methods to make its platforms safer, however will not achieve this “because they have put their astronomical profits before people.”

During her testimony, Haugen additionally instructed that Facebook made adjustments to its “dangerous” algorithms that contributed to divisiveness in society, and realised these tweaks saved individuals returning to the platform.

This is not the primary time a whistleblower has lauded cryptocurrency regardless of all its presumed falsities. Edward Snowden, a former NSA and CIA laptop intelligence marketing consultant and presumably one of the best-known whistleblowers additionally managed to maintain financially as a result of of his Bitcoin investments up to now.

Interested in cryptocurrency? We focus on all issues crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is offered on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Shomik is a senior sub-editor at Gadgets 360. As somebody who’s screened the buyer tech area for the previous 4 years, he is now shifted focus to the crypto-verse. When not changing foreign money values in his head, you might discover him in an intense five-a-side soccer match or grinding out the most recent Destiny 2 weekly problem on his Xbox. You can attain him for suggestions or queries at ShomikB@ndtv.com.

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